First Eagle Investment Management LLC Buys 235,950 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

First Eagle Investment Management LLC increased its position in National Vision Holdings, Inc. (NASDAQ:EYE) by 113.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,302 shares of the company’s stock after acquiring an additional 235,950 shares during the quarter. First Eagle Investment Management LLC’s holdings in National Vision were worth $5,803,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in National Vision in the 2nd quarter worth about $30,000. Meeder Asset Management Inc. purchased a new position in shares of National Vision during the second quarter worth about $32,000. Quadrant Capital Group LLC increased its position in shares of National Vision by 252.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,214 shares during the last quarter. CWM LLC raised its stake in National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after purchasing an additional 841 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in National Vision by 165,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after purchasing an additional 4,959 shares during the last quarter.

National Vision Stock Performance

National Vision stock opened at $10.58 on Friday. The firm has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $15.25. National Vision Holdings, Inc. has a twelve month low of $9.60 and a twelve month high of $24.11. The company has a market capitalization of $831.18 million, a PE ratio of -11.50, a P/E/G ratio of 1.60 and a beta of 1.41. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The business had revenue of $451.70 million for the quarter, compared to analyst estimates of $451.35 million. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. National Vision’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. Research analysts expect that National Vision Holdings, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EYE shares. The Goldman Sachs Group decreased their price target on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barclays reduced their price objective on National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group dropped their target price on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.25.

National Vision Company Profile

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.